Rail Vikas Nigam soars on receiving LoA from South Western Railway
Rail Vikas Nigam is currently trading at Rs. 348.35, up by 10.95 points or 3.25% from its previous closing of Rs. 337.40 on the BSE.
The scrip opened at Rs. 340.75 and has touched a high and low of Rs. 349.40 and Rs. 335.00 respectively. So far 249646 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.00 on 15-Jul-2024 and a 52 week low of Rs. 213.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 351.55 and Rs. 310.05 respectively. The current market cap of the company is Rs. 71808.09 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.27% and 15.89% respectively.
Rail Vikas Nigam has received Letter of Acceptance (LoA) from South Western Railway for Engineering, Procurement and Construction (EPC) for Design, Supply, Erection, Testing, Commissioning of 2X25 KV OHE & PSI system (TSSs & SPs & SSPs) including Electrical General Services, Engineering & Telecommunication works between Rayadurga (Excluding) (CH: 205/463) Topavagada (Including) (CH: 106/000) of TK-RDG section (99.463 RKM/114.145 TKM). The project cost is Rs 156.36 crore (Including applicable taxes). The order is to be executed within 18 months.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways.
